Professional Documents
Culture Documents
theory designed to explain why some firms perform better than others even when they occupy a
very similar business environment. The resource-based view seeks to explain why some firms
perform better than others by looking at the firms’ resources.
According to Barney, resources, in the context of this theory, refer to the tangible and intangible
assets that are controlled or available to a firm and that enable it to conceive of and implement
strategies that improve its efficiency and effectiveness. The term "resource" encompasses not
only the concrete and visible assets but also the less tangible factors such as knowledge, skills,
and innovation capabilities that contribute to a firm's ability to create value and achieve
sustainable competitive advantage.
These resources can include physical assets such as production facilities and equipment,
financial resources, human capital, intellectual property, organizational capabilities, relationships
with suppliers and customers, brand reputation, and more.
Barney contends that for a resource to be a source of sustained competitive advantage, it must
meet specific criteria, which he outlines as follows:
1. Valuable: The resource must enable the firm to exploit opportunities or defend against threats
in the market.
2. Rare: The resource should be relatively scarce or unique compared to those possessed by
competitors.
3. Inimitable: Competitors should find it difficult to imitate or replicate the resource.
4. Non-substitutable: There should be no viable substitutes for the resource.
● Kahalagahan para sa Guro: Ang teoryang ito ay naglalayong pagtuunan ang mga
yaman o resources ng isang indibidwal o negosyo. Para sa guro, ito ay maaaring
maging pundasyon sa pagtuturo ng mga konsepto tulad ng strategic management at
resource allocation. Ang guro ay maaaring gamitin ang teoryang ito upang ipakita kung
paano ang pagmamay-ari at pamamahala ng mga yaman ay maaaring maging
pundasyon ng tagumpay sa pagnenegosyo.
Keynes identified three main motives that influence individuals' liquidity preferences:
● transaction motive: refers to the need to hold cash to facilitate day-to-day transactions
like buying goods and services. This demand for liquidity is fairly predictable and
correlates with the income and expenses of individuals and firms
● precautionary motive: relates to holding money as a safeguard against unforeseen
expenses or emergencies. the urge to hold onto cash as a buffer against unexpected
expenses or emergencies. Individuals might hold onto money or easily accessible funds
to cover unexpected medical costs, car repairs, or other financial demands.
● speculative motive: involves holding cash in case investment opportunities arise with
changes in interest rates or market conditions.
Ang Liquidity Theory ay isang konsepto na pinagsusuri ni John Maynard Keynes tungkol sa
kahalagahan ng likiditi o kahandaan ng pera sa ekonomiya. Ayon sa teorya, ang kawalan ng
likiditi o kakayahan na mag-convert ng asset sa cash ng mabilis ay maaaring magdulot ng hindi
pagkakasundo sa pamilihan, na maaaring makaapekto sa kakayahan ng negosyo na kumilos at
magkaroon ng pag-usbong. Ang koneksyon nito sa teachers and students ay maaaring
pag-aralan ng mga estudyante kung paano maaring maapektuhan ng likiditi ang negosyo at
kung paano ito maaaring ma-manage.
Social network theory is a perspective that focuses on the patterns of relationships and
interactions among individuals, groups, or organizations. It explores how these social structures
influence various outcomes, such as access to resources, information flow, and the spread of
innovations. Burt's work emphasizes the importance of social capital and the ways in which it
can be leveraged for individual and collective advantage.
It explores how individuals and organizations are connected through social ties, and how these
connections can influence access to information, resources, and opportunities. Burt's work in
social network theory underscores the significance of social connections and the structural
patterns of relationships in shaping individuals' access to resources and opportunities.
One of the key concepts in social network theory is "structural holes." Structural holes refer to
the gaps or spaces between groups or individuals in a social network. Burt argues that
individuals or organizations that bridge these structural holes have a strategic advantage.
Burt argues that individuals or organizations who occupy bridging positions between
disconnected groups can gain a competitive advantage by controlling the flow of information
and resources across these structural holes. This perspective emphasizes the strategic
advantage of being able to broker relationships and access diverse sources of information,
ideas, and opportunities.
Gary Becker's human capital entrepreneurship theory explores the role of human capital in
shaping entrepreneurial behavior and success. According to this theory, human capital refers to
the knowledge, skills, experience, and abilities that individuals possess, which can be applied to
create value and generate economic returns through entrepreneurial activities.
Becker's theory emphasizes the importance of investing in education, training, and knowledge
acquisition as a means of developing human capital, which in turn influences an individual's
capacity to identify and exploit entrepreneurial opportunities. The theory suggests that
individuals with higher levels of human capital are more likely to engage in entrepreneurial
activities and are better equipped to succeed in the market.
Becker's work highlights the notion that human capital is a critical determinant of entrepreneurial
success, as it provides individuals with the capabilities and expertise needed to innovate, take
risks, and effectively manage the challenges associated with starting and growing a business.